@book{183496,
  author = {Faisal Z. Ahmed},
  title = {The Perils of International Capital},
  abstract = { <p style="text-align:justify">
	<span style="text-autospace:none"><span style={\textquoteright}NewRoman",serif{\textquoteright}><span style="color:$\#$231f20">Can foreign capital empower dictatorships? In this book, I offer a unified theory of the impact of three prominent types of international capital {\textendash} foreign aid to governments, migrant remittances to households,~and foreign direct investment to firms {\textendash} on the survival of dictatorships. Existing scholarship that examines different types of international capital in isolation misestimates their effects. The book{\textquoteright}s unified theoretical approach clarifies the channels through which a strategically oriented government can leverage each type of capital flow to finance two important instruments of nondemocratic politics: repression and patronage. The book{\textquoteright}s methodological approach takes seriously questions of causal identification, exploiting plausibly exogenous variation in capital flows to more precisely estimate their effects. In doing so, I introduce creative ways to turn the observable world into a quasi-experimental laboratory. The book{\textquoteright}s theory, case studies, and cross-national statistical evidence demonstrate how international capital can foster authoritarian politics. These findings challenge many existing studies and contribute to several important literatures in economics and political science.</span></span></span>
</p>
 },
  year = {2020},
  publisher = {Cambridge University Press},
  language = {eng},
}